Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela - 2022
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela (CIF) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela (CIF) - 2022
In 2022, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $2.4 per unit, picking up by 33% against the previous year. In general, the import price, however, saw a abrupt contraction. Over the period under review, average import prices hit record highs at $5.7 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($7.1 per unit), while the price for Turkey ($864 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela (FOB) - 2022
In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $6.2 per unit, increasing by 20% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted decreased by -13.7% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 67% against the previous year. As a result, the export price attained the peak level of $8.6 per unit. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($18 per unit), while the average price for exports to Guatemala ($4.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela
In 2022, the amount of t-shirts, singlets and other vests; of cotton, knitted or crocheted imported into Venezuela reduced notably to 3M units, falling by -15% against the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62%. As a result, imports attained the peak of 3.6M units, and then fell dramatically in the following year.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted rose significantly to $7.5M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 273 | 338 | 986 | 1,783 | 86.9% |
| China | 3,658 | 1,256 | 1,160 | 1,400 | -27.4% |
| United States | 27.5 | 1,548 | 941 | 867 | 215.9% |
| Turkey | 94.2 | 290 | 945 | 809 | 104.8% |
| Spain | 1,051 | 147 | 922 | 737 | -11.2% |
| Italy | 29.2 | 35.6 | 81.8 | 549 | 165.9% |
| India | 18.1 | 236 | 274 | 396 | 179.7% |
| Vietnam | 133 | 618 | 626 | 26.6 | -41.5% |
| Panama | 632 | 1,004 | N/A | N/A | 58.9% |
| Others | 399 | 141 | 671 | 896 | 31.0% |
| Total | 6,315 | 5,614 | 6,607 | 7,465 | 5.7% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Venezuela in 2022:
- Turkey (936.2K units)
- China (532.0K units)
- Spain (364.2K units)
- United States (347.4K units)
- Peru (252.2K units)
- India (209.5K units)
- Italy (149.9K units)
- Vietnam (5.8K units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela
Exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Venezuela skyrocketed to 33K units in 2022, rising by 27% compared with the year before. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 540% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted surged to $204K in 2022. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 360%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 0.4 | N/A | 0.1 | 126 | 580.4% |
| Portugal | 0.4 | 0.1 | N/A | 47.1 | 390.1% |
| Chile | 1.8 | 10.8 | 0.9 | 7.3 | 59.5% |
| China | N/A | 11.2 | N/A | 5.5 | -29.9% |
| Dominican Republic | 9.7 | 4.7 | 2.6 | 5.0 | -19.8% |
| Israel | 1.0 | N/A | 126 | N/A | 1022.5% |
| Others | 11.5 | 2.4 | 4.0 | 12.9 | 3.9% |
| Total | 24.8 | 29.0 | 134 | 204 | 101.9% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Venezuela in 2022:
- Guatemala (26.8K units)
- Portugal (4.0K units)
- Dominican Republic (1.0K units)
- Chile (0.4K units)
- China (0.2K units)
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